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California Dreamin' Isn't What It Used To Be
California Dreamin' Isn't What It Used To Be
Authored by Kenin M. Spivak via RealClearPolitics,
California’s elected Democrats can’t move beyond pandering. Gov. Gavin Newsom is fixated on reparations for African Americans, and the legislature’s Democratic Party majority is once again trying to divide Californians by race, sex, and gender orientation.
In 1996, California stunned the nation when 55% of voters approved Proposition 209, which amended the state’s constitution to prohibit public institutions from considering race, sex or ethnicity in employment, contracting, and education. Ten years later, the United States Supreme Court...
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Mar 21, 2026 / Tyler Durden
The Private Credit Crisis Is Spreading
The Private Credit Crisis Is Spreading
Submitted by QTR's Fringe Finance
The private credit crisis is spreading to another corner of the market that I warned about back in October, when I wrote about 10 parts of the market I’d avoid.
For years I’ve been warning that buy now pay later (“BNPL”) industry was built on a pretty fragile foundation. The quality of the loans was always the obvious problem. The entire business model revolves around extending instant credit with minimal underwriting to consumers making small purchases.
Companies whose primary innovation is allowing consumers to...
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Aug 26, 2026 / Tyler Durden
US Removes Syria, Including Al-Nusra Front, From Its List Of Terrorism Sponsors
US Removes Syria, Including Al-Nusra Front, From Its List Of Terrorism Sponsors
Following a decade-and-a-half of a Washington-led full economic siege of the Syrian state, and after a fierce CIA-backed proxy war (Timber Sycamore) to oust Assad over that same period, this week has witnessed the huge milestone of the United States finally removing Syria from its state sponsors of terrorism list.
The designation itself had stretched back several decades, and it placed major hurdles in the way of international investment, but with the Monday move by the State Department many of...
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Jul 15, 2026 / Tyler Durden
Key Takeaways From DNI Nominee Jay Clayton's Confirmation Hearing
Key Takeaways From DNI Nominee Jay Clayton's Confirmation Hearing
Authored by Timothy Frudd via The Epoch Times,
U.S. Attorney Jay Clayton shared his vision for the Intelligence Community during his confirmation hearing for the position of director of national intelligence (DNI) on July 15.
Clayton, who was nominated last month by President Donald Trump, faced questions from lawmakers regarding the independence of the DNI and key national security issues facing the United States.
The hearing before the Senate Intelligence Committee was held on July 15 after President Donald Trump canceled Clayton’s initial June...
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